On November 5, 2025, the Supreme Court of the United States heard oral arguments in the consolidated cases V.O.S. Selections, Inc. v. United States and Learning Resources, Inc. v. United States — a pivotal test of presidential authority over trade policy. The central question is whether the 1977 International Emergency Economic Powers Act (IEEPA), invoked by President Donald J. Trump, grants the president legal authority to impose broad import tariffs during a declared nation

After months of rising tension between Washington and Beijing, investors are waking up to a much-needed reprieve. Following an “amazing” meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Busan, South Korea, both sides have announced a series of de-escalatory measures that signal a temporary thaw in the trade conflict dominating 2025’s global markets. According to Reuters and the Associated Press, the United States will not proceed with the previo